Treasury Says It Doesn'T Expect Exclusion To Be Repealed.
Treasury Says It Doesn'T Expect Exclusion To Be Repealed.
- AuthorsBerman, Daniel M.
- Institutional AuthorsTreasury Department
- Code Sections
- Subject Area/Tax Topics
- Index Termsforeign earned income exclusion
- Jurisdictions
- LanguageEnglish
- Tax Analysts Document NumberDoc 96-8523 (10 pages)
- Tax Analysts Electronic Citation96 TNT 57-63
Treasury, in similar letters to 37 correspondents, has written that it doesn't expect a proposal to repeal the section 911 foreign earned income exclusion to be part of the final budget agreement. Treasury says it recognizes that the exclusion is important to Americans working abroad and to U.S. based multinational corporations.
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March 13, 1996
Mr. W. E. Dierker
Caltex Petroleum
P.O. Box 25298
Awali, Bahrain
Dear Mr. Dierker:
[1] Thank you for your letter to President Clinton regarding the proposed repeal of Internal Revenue Code section 911, the foreign earned income exclusion. The White House referred your letter to the Department of the Treasury which is responsible for issues of tax policy.
[2] The proposed repeal of section 911 was contained in a January 6 budget package that was developed by some members of the Senate. President Clinton said that the package as a whole was consistent with his fundamental values and announced that, if the proposal were passed by Congress, he would sign it. On that basis, he submitted it to Congress in the course of budget negotiations.
[3] We expect that there will be further discussions and modifications of specific items in the package. We are aware of the importance attached to section 911 by Americans overseas and U.S.- based multinationals; we do not expect that it will be repealed as part of the final budget agreement.
[4] Thank you again for writing.
Sincerely,
Daniel M. Berman
Deputy International Tax Counsel
Substantially identical letters sent to:
Mr. Irving H. Beiman
Mr. Charles E. Kierman
Mr. Rocco A. Laferzo
Mr. G. L. Propernick
Mr. Dale W. Thornton
Mr. Paul C. Wollman
Mr. Brian Stott
Responses on the repeal of section 911 identical to the response
to Mr. Dierker were sent to:
Dear Mr. Dutta: Dear Mr. Parker:
Mr. Tapan K. Dutta Mr. Franzeta E. Parker
SAPL-PO Box 30167 Oil Casualty Insurance, Ltd.
Yanbu Al-Sinaiyah, Saudi Arabia P.O. Box HM 1751
Hamilton, Bermuda HM GX
Dear Mr. and Mrs. Hanson:
Mr. and Mrs. David Hanson Dear Mr. Turner:
Saudi Arabian Airlines Mr. Mark G. Turner
P.O. Box 167 CC 956 c/o Halliburton Ltd.
Jeddah 21231 K.S.A. P.O. Box 3111
Dubai, United Arab Emirates
Dear Mr. Mathur:
Mr. Alok Mathur Dear Mr. Horvat:
Frauenchamierweg 2 Mr. Bruce C. Horvat
8706 Feldmeilen Arab National Bank
Switzerland P.O. Box 56921
Riyadh, 11564
Dear Mr. Rahmani: Kingdom of Saudi Arabia
Mr. M. H. Rahmani
Halliburton Ltd Dear Mr. Moreno:
Abu Dhabi Mr. Alberto H. Moreno
United Arab Emirates c/o McDonnell Douglas Services
Unit 66812 Box R-203
Dear Mr. Mamdani: APO AE 09858
Mr. Iqbal G. Mamdani
P.O. Box 20222 Dear Mr. Bowman:
Manamam, Bahrain Mr. Norman Bowman
Avenida Manuel Gerona, 70 Bls.
Dear Mr. Sardella: 2 1
Mr. A. O. Sardella 08860 Castelldefels, (Barcelona)
P.O. Box 21467 Spain
Dubal
UAE Dear Mr. Manners:
Mr. Spencer Manners
Dear Mr. Kline: American Chamber of Commerce
Mr. Douglas A. Kline Apartado 4946-1000
Oil Insurance Limited San Jose, Costa Rica
P.O. Box HM 1751
Hamilton, Bermuda HM GX
- AuthorsBerman, Daniel M.
- Institutional AuthorsTreasury Department
- Code Sections
- Subject Area/Tax Topics
- Index Termsforeign earned income exclusion
- Jurisdictions
- LanguageEnglish
- Tax Analysts Document NumberDoc 96-8523 (10 pages)
- Tax Analysts Electronic Citation96 TNT 57-63
